King Charles’ entrepreneurial nephew, Peter Phillips, is making waves in the commercial property world with a bold first step – a £5 million investment in the heart of Bath.
Peter has swapped milk ads and covid-testing ventures for a new chapter as the landlord of a bustling collection of shops, bars, restaurants and small businesses in a Georgian spa town.
This latest venture is not entirely a solo effort. Behind the scenes, Peter has partnered with Danish retail billionaire Troels Holch Povlsen, a business mogul with deep pockets and a keen eye for investment.
The partnership is formed through Aston Cole Ltd, a company established in 2022 by Peter, where he is the sole director.
Aston Cole is jointly owned by two entities: Aston S&I, where Peter holds a majority stake, and Nine United Properties UK Ltd, owned by Holtch Poulsen.
The Povlsen family is no stranger to impressive real estate. His son, Anders, holds the title of Britain’s largest private landowner, boasting 220,000 acres of the Scottish countryside.
With such backing, Peter’s foray into the property market seems less of a gamble and more of a calculated play to cement his position in the business world.
King Charles’ nephew is proving himself to be a jack-of-all-trades – and maybe, in time, a master of the real estate game.
He has quietly become an unsung hero in royal circles, constantly advising his cousin Prince William.
Known for his practical approach, Peter’s years of corporate experience outside the royal spotlight make him an invaluable sounding board for the future monarch.